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BlockFi Monthly Update – November 27th, 2019

Published 27 November, 2019

    This month the BlockFi team has been hard at work. We launched Allowlisting, added a Wallet Address Book, and made updates to the BlockFi dashboard. This month we’re also announcing that we’ll be increasing our Tier 1 level for BTC and ETH (changes to take effect December 1, 2019).

    BlockFi clients will be receiving their BlockFi Interest Account (BIA) interest payment on the first business day of December (12/02/19). Please note, with the U.S. Federal Holiday coming up, response times may be slower than usual on November 28th. In addition, if you’re applying for a loan it may take up to 48 hours to process.

    Earn Even More With BTC and ETH Tier Increases

    As a way to provide more earning opportunities for our clients, BlockFi is making the following tier adjustments, which will go into effect December 1, 2019.

    BTC

    • BTC balances of 0 to 10 BTC will now earn 6.2% APY (previously 0 to 5 BTC)
    • Balances above 10 BTC will earn 2.2% APY

    ETH

    • ETH balances of 0 to 1000 ETH will now earn 4.1% APY (previously 0 to 500 ETH)
    • Balances above 1000 ETH will earn 0.5% APY

    *** This will mark our second significant ETH increase this quarter. We previously raised our Tier 1 ETH level from 200 ETH to 500 ETH earlier this month.

    You can learn more about our rates here.

    Allowlisting & Wallet Address Book

     

    One of our clients’ most requested features was Allowlisting, so we’re happy to announce that you now have the option to add crypto wallet addresses to your Wallet Address Book. This allows you to pre-select from frequently used crypto wallet addresses when withdrawing. Additionally, if you’d like to add another layer of security to your BlockFi account, you now have the option to enable Allowlisting.

    You can read more about how to save wallet addresses to your Wallet Address Book and enable Allowlisting here.

    Dashboard Update

    We’ve updated our dashboard with a fresh new look that provides an overview of account balances across all products. You can check it out by signing into your BlockFi account here.

    Learn More

    If you’re looking to learn more about crypto and what we do at BlockFi, you can listen to our CEO and Founder Zac Prince’s recent podcast interview on Squashing the Market here.

    If you ever have any questions, our support team is always happy to help. Call us at +1 (646) 779-9688 or email us at support@blockfi.com.

    – The BlockFi Team

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    All BIA balances are stored in a custodial account with Gemini.
    Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. For more information, please see BlockFi’s Terms of Service.
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    Disclaimer: Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are riot subject to FDIC or SIPC protections. Security is our top priority. Please see our Vulnerability Disclosure Form and Bug Bounty Program.
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    Disclaimer: Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. Security is our top priority. Please see our Vulnerability Disclosure Form and Bug Bounty Program.
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